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Budget Stock Ideas 2024-2025 | Stocks to Buy Today

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Synopsis:

Discover top Budget Stock Ideas and stocks to buy post Union Budget 2024-2025. Bajaj Broking Research Desk recommends Natco Pharma, Career Point, Himadri Speciality Chemical, Protean eGov Technologies, and NCC Ltd.

Investment Opportunities Post Union Budget 2024-2025

The Union Budget 2024-2025, presented by Finance Minister Nirmala Sitharaman, has introduced several key initiatives aimed at boosting various sectors of the economy. This detailed analysis will explore the stocks to buy, recommended by the Bajaj Broking Research Desk, focusing on the share market today, and the implications for investors in the stock market.

Stocks to Buy

Natco Pharma

  • Recommended Range: ₹1220-1260
  • Target Price: ₹1560
  • Upside: 26%
  • Time Horizon: 6 months
  • Rationale: Natco Pharma has consistently excelled in manufacturing complex generic products, particularly for the US market. The stock has shown a breakout above the last 8-year range, signaling a potential upward movement towards ₹1560. Investors looking at the stock market today can consider this as a viable option for substantial returns.

Career Point

  • Recommended Range: ₹430-450
  • Target Price: ₹560
  • Upside: 27%
  • Time Horizon: 6 months
  • Rationale: Career Point Ltd is a diversified education service provider. The budget allocation of ₹1.48 lakh crore for skilling and education underpins its growth potential. The stock's breakout above a bullish flag formation suggests a continuation of its upward trend, making it a promising stock to buy.

Himadri Speciality Chemical

  • Recommended Range: ₹390-410
  • Target Price: ₹510
  • Upside: 27%
  • Time Horizon: 6 months
  • Rationale: Himadri Speciality Chemical, a leading manufacturer of carbon materials and chemicals, is poised for growth with its focus on raw materials for lithium-ion batteries. The stock has broken out above a 6-month range, indicating a potential rise to ₹510.

Protean eGov Technologies

  • Recommended Range: ₹1640-1690
  • Target Price: ₹2075
  • Upside: 26%
  • Time Horizon: 6 months
  • Rationale: Protean eGov Technologies holds a dominant market position in financial and digital services in India. Its strategic shift towards modern businesses, including Open Digital Ecosystems (ODE), and strong financial health make it a stock to buy in the stock market today.

NCC Ltd

  • Recommended Range: ₹320-340
  • Target Price: ₹418
  • Upside: 27%
  • Time Horizon: 6 months
  • Rationale: NCC Ltd is a leading construction company with a robust order book. The company's strong focus on working capital and execution capabilities make it a strong buy, with the stock showing signs of breaking out above a 2-month range.

Key Sector Highlights from Budget 2024

Agriculture

  • Natural Farming: 1 crore farmers will be initiated into natural farming with support for certification and branding.
  • Shrimp Production: Financing through NABARD for shrimp farming and export.

Employment and Skilling

  • PM’s Package: Three schemes for employment-linked incentives, focusing on first-time employees, job creation in manufacturing, and support for employers.

Manufacturing and Services

  • MSME Support: Enhanced credit guarantee schemes and mandatory onboarding in TReDS for MSMEs.

Conclusion

The Union Budget 2024-2025 has laid a strong foundation for various sectors, offering numerous opportunities for investors in the share market today. The highlighted stocks – Natco Pharma, Career Point, Himadri Speciality Chemical, Protean eGov Technologies, and NCC Ltd – present significant potential for growth. Investors should consider these recommendations and keep a close watch on the developments in the stock market to maximize their returns.

Disclaimer : Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only, it should not be construed as investment advice. Securities quoted are exemplary and not recommendatory. 

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Frequently Asked Questions

What exactly is the stock market, and how does it work?

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The stock market is a platform where investors buy and sell shares of publicly traded companies. It operates through stock exchanges, where supply and demand for securities determine prices.

Why should I consider investing in the stock market?

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Investing in the stock market offers the potential for long-term wealth growth, dividend income, portfolio diversification, and ownership stakes in successful companies.

How can I start investing in the stock market?

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To begin investing in stocks, individuals can open a brokerage account, conduct research on companies and industries, and start building a diversified portfolio aligned with their investment goals and risk tolerance.

What factors should I consider before investing in stocks?

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Important factors to consider include investment goals, risk tolerance, time horizon, market research, diversification, and staying informed about economic and market trends.

What are the risks associated with stock market investments?

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Risks include market volatility, liquidity risk, company-specific risks, and the potential for loss of capital. It's essential for investors to assess their risk tolerance and diversify their portfolios accordingly.

How do I stay informed about daily market happenings?

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You can stay informed by monitoring financial news websites, market analysis reports, earnings announcements, economic indicators, and utilising real-time market data provided by reliable brokerage platforms.

What is the difference between long-term investing and trading in the stock market?

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Long-term investing involves holding stocks for extended periods, typically years or decades, with a focus on capital appreciation and dividend income. Trading involves buying and selling stocks more frequently, often based on short-term price movements.

How can I mitigate risks in the stock market?

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Risk mitigation strategies include diversifying your portfolio, setting stop-loss orders, conducting thorough research, avoiding over-leveraging, and maintaining a long-term perspective on investments.

Are there any specific tax implications associated with stock market investments?

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Yes, tax implications vary depending on factors such as investment duration, type of account (e.g., taxable brokerage account, retirement account), and realised gains or losses from selling stocks.

Can I invest in the stock market with a small amount of capital?

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Yes, many brokerage platforms offer fractional investing or allow investors to purchase partial shares, enabling individuals with limited capital to start investing in the stock market with smaller amounts.

What are government bonds in India, and how do they work?

Answer Field

Government bonds in India serve as a financing tool for public initiatives, provided by the government. Investors buy these bonds, receiving fixed interest payments. They are a reliable option, offering security and predictable returns.

What are the benefits of investing in government bonds compared to other investment options?

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Government bonds offer safety and stability, ideal for risk-averse investors. Compared to equities, they provide predictable returns, helping in portfolio diversification. Additionally, they are less volatile, making them suitable for long-term financial planning.

How can I buy government bonds in India, and what are the steps involved in the purchasing process?

Answer Field

To understand how to buy government bonds in India, investors can participate in Reserve Bank auctions, purchase through brokers, or invest in GILT mutual funds. A Demat account is necessary, followed by transaction completion on selected platforms.

What are the different types of government bonds available for investment in India?

Answer Field

India offers several government bonds, including treasury bills, sovereign gold bonds, and long-term bonds. Each type has distinct tenures and interest rates, catering to different investment needs, from short-term liquidity to long-term stability.

How do I determine the best government bonds to invest in India based on my financial goals?

Answer Field

Choosing the best government bonds to invest in India depends on individual goals. Short-term bonds offer liquidity, while long-term bonds provide stability. Consider factors like maturity, interest rates, and inflation protection for tailored investment decisions.

What factors should I consider when evaluating government bonds for investment?

Answer Field

Key factors include interest rates, inflation trends, and bond maturity. Evaluating these aspects helps in aligning bond choices with financial goals, especially for conservative portfolios. GILT mutual funds diversify risks across multiple government bonds.

How can I invest in government bonds through the online platform or through a broker?

Answer Field

Investors can invest in government bonds via online platforms, brokers, or banks. Online options facilitate participation in auctions and secondary markets, offering a streamlined process for how to invest in government bonds conveniently.

What are the tax implications of investing in government bonds in India?

Answer Field

Interest from government bonds is taxed according to the investor’s income bracket. However, some bonds may offer tax benefits. Understanding these implications helps optimise returns when considering how to invest in government bonds.

Are there any risks associated with investing in government bonds in India?

Answer Field

Although government bonds are low-risk, they are subject to interest rate fluctuations and inflation, which can impact returns. Understanding these risks is essential when considering how to invest in government bonds effectively.

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